Green Mortgages Merrick NY

Financing has often been the missing piece in green home sales. Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home in Merrick.

Local Companies

Washington Mutual Bank Locations East Meadow
(516)485-4884
501 Bellmore Avenue
East Meadow, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Financial Freedom Acquisition Llc
(800) 860-6983
375 Brower Ave
Rockville Centre, NY
Capital One
631-665-3500
1701 Sunrise Hwy
Bayshore, NY
Lavelle Michael P Agency
(516)326-6800
51 New Hyde Park Road
Garden City, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
Citibank N.A.
(516)489-1536
670 Merrick Avenue
HEMPSTEAD, NY
Data Provided by:
    

Provided By:


Comfort Zone: Creating a Middle Ground for Green Building and Great Profits


By Alison Rice


Financing has often been the missing piece in green home sales. But attitudes are changing, especially at Fannie Mae. "We want to encourage lenders and builders to be more resource efficient and give the consumer benefits based on the fact that they're spending less on utilities," says Jim Taylor, director of product development in Fannie Mae's housing impact division. "They're a better credit risk to us because they're not spending that money on utilities."


Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home.


Taylor estimates that the lender did quite well in its first mortgage energy business. He expects the specific numbers to jump higher as Fannie Mae conducts more marketing and product development.


Some buyers may have a second option: Fannie Mae's home performance power product, which boosts an applicant's monthly income by the home's monthly energy savings. Lower utility cost is just one requirement of this mortgage, which is available only in specific markets. In Albuquerque, N.M., for example, a home must demonstrate energy efficiency and be located within 5 miles of downtown.

Click here to read full article from Builder Online

Related Articles
- About Buying a Foreclosure Property Merrick NY
No matter what type of property you’re planning to buy, good property research will help you recognize which properties represent smart investments and which do not. Remember, a little preparation before the sale can help you reap huge benefits.
- How to Talk to Mortgage Lenders Merrick NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Merrick NY
- Hidden Costs of Foreclosures Merrick NY
- How to Understand a N.I.N.J.A. Mortgage Merrick NY
- Adjustable Rate Mortgage Merrick NY
- Reverse Mortgage Merrick NY
- Flexible Mortgage For Self Employed Merrick NY
- Safeguarding Against Foreclosure Merrick NY